Credit Card Debt Management in Tekwsbury
At Stephen E. Paolini P.C., we believe everyone deserves to enjoy a stable, predictable financial future. However, unmanaged credit card debt can quickly derail any ongoing and future financial plan. From basic fiscal planning to credit card counseling, Tewksbury CPA and CFP Stephen Paolini is able to help clients overcome this steep financial obstacle and regain control over their financial well-being.
The Long-Term Consequences of Credit Card Debt
Credit cards can be a useful financial resource, but abusing this tool can come with serious consequences. From using credit cards as a means of supplementing income to making large expenses that you cannot really afford, racking up large sums of debt can happen quickly and unexpectedly. As clients fall further and further behind in credit card debt, interest rates and late fees quickly compound, increasing the amount owed to astronomical amounts.
Unpaid credit card debt can also compromise your credit score. Missing a single payment, failing to make even the minimum payment, or paying late can drop your score, making it more difficult to finance larger purchases or secure a loan. Many people realize that leaving a credit card bill unpaid can cause your interest rate to go up on your credit card, but interest rates on home mortgages, auto loans, and other lending ventures can also be raised when this occurs.
With these consequences in mind, avoiding credit card debt tends to exacerbate the existing situation, leaving clients in a much more precarious and financially vulnerable predicament. At Stephen E. Paolini P.C., our proactive approach to debt planning, particularly managing credit card debt, helps individuals overcome debt and regain a more stable financial future.
Managing Credit Card Debt in Tewksbury
Taking control over existing credit card debt starts with facing the problem head on. At our Tewksbury CPA – CFP firm, credit card counseling and debt management start with an in-depth conversation about your current financial situation. During this first visit, our certified financial planner takes the time to learn about ongoing financial habits and strategies to determine how you accrue debt and how much has ultimately been incurred.
From there, we help clients develop a budget for proactive repayment and debt management. When combined with comprehensive credit card counseling as well as the creation of a long-term budget for credit card use, Stephen and Dianne Paolini are able to help individuals regain control of their financial future.
Learn More about Credit Card Counseling Today
At Stephen E. Paolini P.C., we are passionate about helping clients succeed through proactive, dynamic financial planning. As a Certified Financial Planner as well as a Certified Public Accountant, Stephen is well versed in creating comprehensive, multi-faceted strategies that allow individuals to overcome credit card debt and regain confidence in their financial future.
To learn more about credit card counseling and debt planning in Tewksbury, contact Stephen E. Paolini P.C. in Tewksbury today to schedule your consultation!